Bank of America reports Q3 profit plunge after $1.2 billion Treasury fine

U.S. hits Bank of America with $1.2 billion fine, saying it violated money laundering and sanctions laws

PBS • 14 oct. 15h07

The Treasury Department imposed a $1.2 billion penalty on Bank of America, citing failures to meet anti-money-laundering and sanctions obligations, including an $11.6 million settlement with the Office of Foreign Assets Control.

Bank of America stock on track for worst day since 2025 as $1.2 billion fine weighs on Q3 earnings

Yahoo Finance • 14 oct. 13h03

Bank of America reported a 17% drop in third-quarter profit, citing a $1.2 billion regulatory penalty and weaker investment-banking revenue.

Bank of America fined $1.2bn for money laundering failures

The Guardian • 14 oct. 11h54

U.S. regulators imposed a $1.21 billion penalty on Bank of America for failing to report more than $5 billion in suspicious transactions, a charge that will be reflected in its upcoming third-quarter results.

Bank of America fined $1.2bn over failing to stop money laundering

BBC • 14 oct. 02h05

U.S. Treasury announced a $1.2 billion penalty for Bank of America after the bank failed to report more than $5 billion in suspicious transactions, including activity linked to Chinese money-laundering networks.

Bank of America hit with $1.2B fine for money laundering, sanctions violations

New York Post • 13 oct. 22h07

The U.S. Treasury imposed a $1.2 billion penalty on Bank of America for alleged violations of anti-money-laundering and sanctions regulations, alongside an $11.6 million settlement with the Office of Foreign Assets Control.

Bank of America fined $1.2 billion by Treasury Department for money laundering and sanctions laws violations

CNN • 13 oct. 20h32

The U.S. Treasury Department fined Bank of America more than $1.2 billion, citing failures to detect and report money-laundering and sanctions risks, including Chinese networks and border-related illicit finance.

Bank of America hit with $1.2B penalty over money laundering failures

Fox Business • 13 oct. 20h16

The U.S. Treasury announced penalties totaling roughly $1.21 billion against Bank of America for longstanding failures in anti-money-laundering controls and sanctions compliance.